King Charles III won't feature on Australia's new $5 bill, the nation's central bank announced Thursday, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins.
A new Indigenous design will replace the previous portrait of the late Queen Elizabeth II, Australia's Reserve Bank said, a move which honors “the culture and history of the First Australians.”
Treasurer Jim Chalmers weighed in on the decision, saying the change was an “opportunity to strike a good balance.” Opposition Leader Peter Dutton likened the move to changing the date of the national day, Australia Day. Dutton said Prime Minister Anthony Albanese was central to the decision for the king not to appear on the note, urging him to “own up to it.”
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